Elon Musk could soon command one of the largest corporate bitcoin reserves if discussions around a potential merger between Tesla and SpaceX materialize.
According to a CNBC report, Musk has floated the idea internally of combining the two companies, a move that would more tightly integrate his expanding technology empire while significantly boosting its exposure to bitcoin. Sources familiar with the discussions said the possibility has been raised with colleagues, and some Tesla employees see it as a natural evolution given the companies’ increasing overlap.
Collaboration between Tesla and SpaceX has reportedly intensified in recent years, particularly in areas such as energy infrastructure, high-performance computing and artificial intelligence. A merger would formalize these ties while consolidating resources across Musk’s businesses.
One of the immediate financial implications would be the creation of a massive combined bitcoin treasury. Tesla currently holds 11,509 bitcoin, while SpaceX owns 18,712 bitcoin, based on public data. Together, that would total 30,221 bitcoin, worth roughly $3.3 billion at current prices.
Such a holding would rank the combined entity as the fifth-largest public corporate bitcoin holder globally, placing it among a small group of companies with significant exposure to the asset.
Separately, SpaceX is said to be moving closer to a public listing, with expectations of a Nasdaq debut following a private valuation of approximately $1.25 trillion earlier this year after its tie-up with Musk’s artificial intelligence venture, xAI.
A merger would further consolidate Musk’s network of companies spanning electric vehicles, space exploration, AI and digital infrastructure, reinforcing a strategy centered on tighter integration across these sectors.
Neither Tesla nor SpaceX has officially confirmed any merger plans.
Tesla first disclosed its bitcoin holdings in 2021 and briefly accepted the cryptocurrency as payment before halting the option over environmental concerns tied to mining. Musk remains a highly influential figure in the crypto market, with his public comments often impacting sentiment around bitcoin and other digital assets
